Manufacturing and corporate profits are both in recession mode, even though the rest of the U.S. economy continues to limp along.» Read More
The government has been touting the profitability of the bank bailout.
But those profits lag tens of billions of dollars behind what a private investor in the bailed out banks would have made.
Banks are yet shrugging off a fear of commitment.
Eleven banks with close relationships to JPMorgan of AT&T have snatched up pieces of the $20 billion loan to fund a $39 billion acquisition of T-Mobile.
The Federal Reserve released an avalanche of files Thursday detailing—for the first time ever—its loans to banks under its emergency funding facility known as the “discount window.”
But investors and bank customers won’t find it very useful.
The Federal Reserve Thursday will release documents revealing which banks came to its emergency lending window during financial crisis.
"Gross calls US budget a Greek tragedy" [CNN Money via Fortune]
JPMorgan's Dimon: "the nail in our coffin for big American banks" [CNBC.com via Financial Times]
Jobless claims fall further [CNBC.com via Reuters]
Well, that stinks! Britney Spears is being sued for $10 million by firm over perfume dealings [Reuters]
A week or so before Obama launched the attack on Libya, we warned that while an air-campaign could likely ground Gadaffi’s air force—hopes that it would accomplish much more were unfounded.
The Federal Reserve announced Wednesday that it was declining an offer from American International Group to buy the mortgage-related assets it holds in its Maiden Lane II portfolio.
Instead of selling the assets as a block to a single buyer, the Fed says it will sell the assets in individually and in blocks in a “competitive process.” Earlier reports have said that the Fed was considering an auction for the assets.
Every time there is a crisis in the Middle East and gasoline prices go up, we start hearing from the halls of Congress the need for a "comprehensive energy policy." It's almost a running joke.
Everyone admits we need such a policy but no one can agree on anything and nothing happens. Instead we get piecemeal legislation.
On the morning of the President delivering his energy speech calling for boosting oil and natural gas production and cutting oil imports, the Democratic leadership invited selected press for a business media roundtable. The Senators spoke a bit on tax reform and job creation.
I decided to ask Democratic Senators Mark Begich \(AK\), Mark Warner \(VA\), Amy Klobucher \(MN\) Ron Wyden \(OR\), and Jeanne Shaheen \(NH\) on the amount of jobs an energy policy could create. I pointed out in one of my interviews with Harold Hamm CEO of Continental Resources \(CLR\) that he told me he has 10,000 job openings.
You would think that mortgage lenders would be chastened by the financial crisis and prolonged economic slump. After all, mortgage loans played a central role in the calamity from which we are still struggling to recover.
But you’d be wrong.
Three mid-level bankers in Goldman's tech investment banking group have left to take positions at ride service company Uber.
For a big group of stocks within the S&P 500, performance trends have been either decidedly positive or negative.
We asked the "Fast Money" traders what they were thankful for this Thanksgiving. Joe Terranova said, "The next 5 minutes."